DP World and Canadian pension fund link up to create $3.7bn port investment platform

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DP World and Canadian pension fund link up to create $3.7bn port investment platform

By Justin|
2016-12-05T17:15:48+00:00 December 5th, 2016|feed news|Comments Off on DP World and Canadian pension fund link up to create $3.7bn port investment platform

DP World and Canadian fund manager Caisse de Dépôt et Placement du Québec (CDPQ) are to provide $3.7bn of investment in global ports, with the terminal operator transferring a 45% stake in its Vancouver and Prince Rupert operations to CDPQ to help fund the platform.
DP World will have a controlling 55% stake in the investment platform, with CDPQ holding the remaining 45%. The partners said 25% of the fund would be reserved …